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Closing: KSE gains 99pts or 0.28 % on institutional buying

Closing: KSE gains 99pts or 0.28 % on institutional buying

KARACHI: The Karachi Stock Exchange benchmark 100-index gained 99.17 points or 0.28 percent to reach 35274.66 points and volume of 149,105,240 shares on Tuesday.
Earlier, after losing massive points in previous day, the Karachi Stock Exchange started with positive note as 100-index gains 77.36 points to reach 35252.85 points level.
On Monday, the index suffered a huge decline, losing much of the shine gathered in the past few weeks with over a 600-point plunge. At close, the Karachi Stock Exchange (KSE)-100-index, which neared the 35,000 level after closing above 36,000 the previous week, lost 1.79% or 639.71 points to end at 35,175.49.
Total volume traded in the market was 149,105,240 shares with 367 total traded companies out of which 219 were up 129 were down and 19 were unchanged.
Commercial Banks was the top traded sector with total traded volume of 55,969,100 shares. It was followed by 48,144,000 with a total traded volume of 79,015,500 shares.
The three top traded companies were Silk Bank(R) with a volume of 21,104,000 and price per share of 0.38 (0.04), Sui South Gas with a volume 15,934,500 of price per share of 51.76 (2.41), Byco Petroleum with a volume 14,467,000 of price per share of 27.95 (0.25).
The top three advancers were Sapphire Tex. with price per share 703.73 (33.51), Exide (PAK) with price per share of 1070.00 (33.50) and Sapphire Fiber share of 603.75 (28.75).
The top three decliners were Rafhan Maize with price per share of 10468.96 (-550.99), Colgate Palmolive with price per share of 1600.00 (-50.00) and Atlas Battery share of 773.00 (-10.90).
High and low were 35443.17 and 35051.97 respectively. Total volume traded in the market was 149,105,240 shares.